AGCO and AT Capital S.A have signed a memorandum of understanding to collaborate and work together towards the implementation of the Parque Agro-industrial de Moamba (PAM) Agri-Industry Park in Maputo, Mozambique.
Rwanda and China have signed a $42.8 million agreement to finance the expansion and rehabilitation of 10 km Prince house- Giporoso- Masaka road.
OFID, the OPEC Fund for International Development, has approved more than US$580 million of new funding to benefit developing countries across the globe, including Africa.
Speaking during the Development bank of South Africa (DBSA) Investment Summit in Ghana, the South African High Commissioner to Ghana stated that South Africa regards Ghana as a strategic partner on the continent.
The United Nations World Food Programme (WFP) and the European Union (EU) officially handed over the completed Kwacjok Bridge to the Government of South Sudan that links Lunyaker, Kwacjok and Kangi regions.
The African Development Bank Group has announced the debarment of Qualitrends Global Solutions Nigeria Limited, a construction company registered in Nigeria, for a period of 36 months.
The African Export-Import Bank is interested in participating in the syndicated facility for the construction of the bridge between Brazzaville and Kinshasa to link the two Congos.
The rate of growth in house prices went down by 2.78 percent during the first Quarter of 2019, in what also marked the third decline since the Kenya Bankers Association House Price Index (KBA-HPI) base period.
The National Treasury is contributing to the Affordable Housing agenda through the establishment of a liquidity facility, the Kenya Mortgage Refinance Company (KMRC) in order to address inherent financing challenges.
Chief Executive Officer of the Ghana Investment Promotion Centre (GIPC)- Yofi Grant, says his outfit is seeking to use the China Trade Week to attract more investments to Ghana.
The Kampala Capital City Authority (KCCA) has flagged off a new set of roads to two international firms to start construction work.
The Economic Commission for Africa (ECA) has signed a contract with three companies for the multi-million dollar works to revamp the historic Africa Hall.
Sub-Saharan Africa construction activity is forecast to grow across the region, despite a number of significant risk factors that threaten to limit economic growth in the region accordin to Mace’s latest Market report.
The Egyptian Prime Minister and the Chairman of Huawei’s Supervisory Board met at the Prime Minister's Office and conducted in-depth talks regarding new capital smart city construction related technologies.
Vivo Energy Uganda has officially handed over a Fuel and Lubricants Management System to its commercial customers Markh Investments in Ntinda and Q3 Holdings in Bweyogerere.
The South Africa Minister for Trade and Industry said the launch of the R49 million Ekandustria Industrial Park is recognised as a potential catalyst for broader economic and industrial development.
In line with its mandate of mobilizing resources for infrastructure and sustainable development projects, the New Development Bank (NDB) is ramping up operations in South Africa and strengthening its project pipeline in the country.
GLS and NAS joint venture company GLS – NAS broke ground for a new 2,700 square meter cargo terminal at Roberts International Airport in Monrovia, Liberia.
National Aviation Services (NAS), the fastest growing aviation services provider in the emerging markets will offer comprehensive ground handling and cargo services in Mozambique beginning July 2019.
AfDB has approved a €12.5 million equity investment in Adiwale Fund 1, a first-generation private equity fund targeting high growth potential Small and Medium Sized Enterprises in Francophone West Africa.
Global engineering, construction, and project management company Bechtel has appointed Sir James Dutton regional president for Africa.
Kampala City has been selected as the lead among the Twelve African cities in the Africa Smart Towns Network following a competitive submission to the call for applications by the French Development Agency early this year.
Square Kilometre Array milestone reached in South Africa with adoption of environmental management plan
The Department of Science and Technology has welcomed the adoption of the Integrated Environmental Management Plan for phase one of the Square Kilometre Array in South Africa.
The Italian Government has signed an agreement for an additional €1 million contribution to the AfDB Multi-Partner Somalia Infrastructure Fund.
Twenty-seven South African companies will get an opportunity to explore trade and investment opportunities in Ghana when they participate in an Outward Trade and Investment Mission from 24-30 March 2019.
The Nigerian National Petroleum Corporation has expressed its preparedness to build additional Independent Power Plants (IPP) in Abuja, Kaduna and Kano which is expected to add 4,0000 megawatts of power to stabilize the national grid.
International Trade Secretary Dr Liam Fox announced that UK Export Finance (UKEF) will support UK firms with £130 million for three projects in Ghana.
ECOWAS) and AfDB have signed the $22.7 Million grant retrocession agreement for the 6-lane Abidjan-Lagos Corridor Development Project in Abuja, Nigeria.
After years of experience working in the construction industry, Seth Mundhe identified a need in the market and set up an online marketplace to satisfy it.
The African Export-Import Bank (Afreximbank) has signed a facility agreement lending $170 million to Egypt-based conglomerate Orascom Investment Holding.
The African Development Bank has invested €40 million to modernize the Owendo International Port.
The Board of Directors at the African Development Bank (AfDB) have agreed to a first rank loan of 51.26 million euros to finance the construction of a power plant in Malicounda, Senegal.
The African Development Bank (AfDB) has approved a €17.96 million loan to the Republic of Cameroon to finance the construction of a Ring-Road Project in the North-West Province of the country.
The Boards of Directors of the African Development Bank Group have approved S$322.35 million loans and grant to Burundi and Tanzania.
The East Africa cement market reached a volume of 14.4 Million tonnes in 2017.
TechnipFMC has signed an Engineering, Procurement, and Construction (EPC) contract with Middle East Oil Refinery (MIDOR) for the modernization of existing complex near Alexandria, Egypt
The Minister of Trade and Industry, Dr Rob Davies, says foreign investment if targeted and nurtured can drive economic growth and in turn contribute to much needed job creation and economic inclusion for all.
OFID – the OPEC Fund for International Development – has signed public sector loan agreements totaling more than $80 million. The agreements were signed by OFID Director-General Suleiman J Al-Herbish and ministers from the beneficiary countries.
The first phase of Tatu Industrial Park is nearly sold out, as demand for high-quality land for manufacturing, logistics and warehousing in the northern growth corridor of Nairobi increases at a record pace.
American engineering and construction company KBR, Inc. has announced that its UK operating subsidiary has been awarded a Front End Engineering Design (FEED) contract by BP for Phase 1 of the Tortue field Hub on the maritime border between Senegal and Mauritania.
Construction work on the development of the multi-purpose Berbera port in the Republic of Somaliland has started with a special ground-breaking ceremony to mark the occasion.
The possibility of free trade within Africa is an ongoing one, to which several African countries have pledged their support and signed their agreements. Though Nigeria has shown caution in joining The Agreement, its one champion is Aliko Dangote, Nigerian industrialist and wealthiest African.
At first glance, it seems business as usual, but that could not be farther from reality. Business has never been more positive, rapid, nor disruptive.
Kenya’s second National Construction Week at Kenyatta International Convention Centre from 7-9 November 2018, is set to enhance contribution of the construction industry towards the Big Four Agenda.
A new African construction entity, Mota-Engil Nigeria, has been formed to catalyze growth in the local market by focusing on execution of construction contracts and trade enabling infrastructure.
As industries grow, so does the job market, consumer satisfation and investor confidence. Nigeria is gaining a reputation as fertile ground for both business expansion and takeoff point for startups.
President Uhuru Kenyatta has signed into law a Bill creating a 15 percent tax relief for Kenyans buying houses under the Affordable Housing Scheme.
In one of the most historic developments in the country, President Uhuru Kenyatta and his Swiss counterpart Alain Berset have overseen the signing of a key agreement that clears the way for the recovery of assets acquired through corruption and crime in Kenya
DP World is considering setting up a logistics facility in landlocked Ethiopia to handle goods from a port it is developing in the semi-autonomous region of Somaliland, according to United Arab Emirates state news agency, WAM.
Williamsville Sears Management’s recently acquired subsidiary Femab Properties Limited has entered into an MOU with the Association of Senior Civil Servants of Nigeria Ministry of Defense Abuja to develop over 1,000 houses for their members.
Kenya’s progress in the construction of the Standard Gauge Railway (SGR) has earned praise from regional Heads of State who now want Uganda, Rwanda and South Sudan to follow suit.
Williamsville Sears Management Inc. has entered into the definitive agreement of the previously announced acquisition of Royal Systems & Services Limited in Ghana.
IFC, a member of the World Bank Group, has announced a new $1 billion debt financing for Indorama Eleme Fertilizer & Chemicals Limited, Nigeria, a subsidiary of Indorama Corporation, for the construction of a new fertilizer line.
Bolloré Transport & Logistics, SETRAG and four forestry and timber companies in Gabon have partnered in a project that seeks to reduce intermediaries in the transportation of raw material at the port of Owendo.
The European Union, Germany and indigenous renewable energy firm, Green Village Electricity Project have completed and activated two solar mini grid plants with the collective capacity to generate 100 kilowatts of clean electricity to power two communities.
South Korea ready to share its technological and industrial revolution experience with Africa says President Moon Jae-in
South Korean President Moon Jae-in has committed to sharing Korea’s technological and industrial experience with Africa and to help it compete in the 4th Industrial Revolution.
[Nigeria Business Week] With Construction, Agribusiness, Oil and Gas and startup hubs, Nigeria leaves no sector behind
Two years ago Nigeria was as good as drowning in debts, unemployment, reduced investment and general widespread discontent. Today, though still a work in progress, the country has exited recession and is fast regaining its momentum.
Nigeria has signed an agreement of $6.68billion with China Civil Engineering Construction Corporation for a major segment of rail line linking the economic capital Lagos with Kano, northern Nigeria's commercial hub.
Fairfax Africa Holdings Corporation has agreed to invest $24 million at current exchange in Consolidated Infrastructure Group Limited, a pan-African diversified infrastructure group, by way of a secured convertible loan.
IFC, a member of the World Bank Group, is providing a $15 million loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading manufacturer of construction-related materials, to help the company boost production and create jobs.
The African Development Bank Group has announced the conclusion of a settlement agreement with CHINT Electric Co., Ltd., a power transmission and distribution equipment manufacturer and EPC contractor.
In full year results for the year ended December 2017, Lafarge Africa Plc recorded net sales of N299 billion. This represents a 36 per cent growth relative to the corresponding period in 2016.
[South Africa] Government completes $4 million first phase of Phuthaditjhaba industrial park upgrading
South Africa’s Department of Trade and Industry, dti, has completed the first phase of the revitalization of the Phuthaditjhaba Industrial Park which is based in the Free State.
Air traffic across Africa is expected to soar over the next 20 years to over 300 million passengers, which is great news for African economies - so long as they have the infrastructure to sustain it
TradeMark East Africa and Rwanda Transport Development Agency unveil $14.2 million project to improve transport on Lake Kivu
TradeMark East Africa (TMEA) and Rwanda Transport Development Agency have unveiled plans to commence on a project that will improve water transport on Lake Kivu, through interventions at Karongi port, Rubavu port and Rusizi port.
The President of Tanzania, John Pombe Magufuli, and the President of the African Development Bank, Akinwumi Adesina, commissioned the Dodoma-Babati road project on Friday.
International Consortium Signs Interim Phase Agreement with Federal Government of Nigeria for Rail Concession
Following its award of preferred bidder status by the Federal Government of Nigeria in May 2017, an International Consortium last Friday in Washington D.C, signed an agreement to proceed with the Interim Phase of the Nigerian narrow-gauge railway concession.
Growing industrial sector to drive Côte d'Ivoire uninterruptible power supply systems market by 2024, 6Wresearch
Construction of new industrial zones in cities such as Bonoua, Abidjan, Yamoussoukro, Bouake, Man, and San Pedro coupled with infrastructural development activities would fuel the growth Côte d'Ivoire UPS systems market over the coming years.
IFC, a member of the World Bank Group has announced the formal launch of ‘Africalease’, an association that will promote leasing across sub-Saharan Africa.
[Nigeria] NNPC awards Oando Engineering, Procurement and Construction mandate to develop Ajaokuta-Kaduna-Kano gas pipeline project
A two party consortium consisting of Oando, in conjunction with its midstream affiliate, Axxela Limited and Oilserv Limited, has been awarded the Engineering, Procurement, Construction mandate for the Ajaokuta – Abuja portion (Lot 1) of the Ajaokuta-Kaduna-Kano Pipeline system by the NNPC.
Historically, the growth of cities and their development has always been haphazard. For instance, the growth of Nairobi was based on the needs of the then new railway line that ran through to the port of Mombasa.
TradeMark East Africa and Northern Corridor Transit and Transport Coordination Authority ink $1 million deal to bolster trade
TradeMark East Africa (TMEA) and the Northern Corridor Transit and Transport Coordination Authority (NCTTCA) have signed a financing agreement worth US$ 1.05Million.
The British High Commissioner to Cameron, H.E. Rowan Laxton, and Mr. Luc Maglire Mbarga Atangana, Cameroon’s Minister of Commerce have laid the foundation stone for the construction of the Douala Grand Mall and Business Park.
The Nigerian Stock Exchange is set to migrate Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc to its Premium Board, 2018 sequel to them applying and meeting the Exchange’s listing requirements for the board.
Ministry of Housing, Royal Institute of British Architects and Zambia Institute of Architects partner to promote local architecture
An agreement has been signed between Zambia’s Ministry of Housing and Infrastructure, the Royal Institute of British Architects of the United Kingdom and the Zambia Institute of Architects in the field of Architecture, the built environment and urban development.
The Government of Rwanda and Government of Japan has signed a financing agreement worth $68 million for the Ngoma-Ramiro road upgrading project.
[Senegal] Bolloré Logistics delivers tamping machines for the Dakar Blaise Diagne International Airport express train
As part of the plans for an express train to link Dakar to Blaise Diagne International Airport the EIFFAGE Group, a French group in the construction of rail infrastructure, picked Bolloré Logistics to assist in shipping and delivery of two tamping machines.
[Rwanda] African Development Bank, partners fund construction of 208 kilometre regional road project set to benefit over one million people
The African Development Bank and other development partners have joined the Government of Rwanda to launch the rehabilitation of the Kagitumba-Kayonza-Rusumo road works in the Eastern province of Rwanda.
Archer Daniels Midland Company and Cargill have reached agreement to launch a joint venture to provide soybean meal and oil for customers in Egypt.
In a major boost to its Corporate Social Responsibility profile, Dangote Cement Plc, Ibese Plant has announced a multi-million Naira educational scholarship award for 115 students from its 15 host communities for the 2017/2018 academic session.
Actis, a leading growth markets investor has started construction on “Douala Grand Mall & Business Park”, Cameroon’s first destination retail & leisure mall.
Chinese manufacturing multinational XCMG has opened its first direct regional spare parts center in Kenya to serve business in East Africa.
Hermann Kamte, young Cameroonian architect and the founder of company Hermann Kamte & Associates (HKA), is the driving force behind the famous sketch of Lagos Wooden Tower.
Global provider of services in the hydrocarbon sector, KBR, Inc. has been awarded a contract from Indorama Eleme Fertilizer & Chemicals Limited for the Train 2 ammonia plant at Indorama's Port Harcourt site in Nigeria.
Mercury Asset Partners, a multinational financing and logistics company says it has mobilized $600 million for the implementation of various infrastructure and investment projects in Zambia.
Aliko Dangote has assured that the N250 million University of Ibadan Business School being constructed by him would soon be ready for commissioning.
As Egypt embarks on a massive infrastructure expansion drive to stabilise and expand its economy, underground and deep foundations works represent an essential element of preparation
Melcon Construction, a local construction firm, is to construct the nation's third most expensive road, costing 536 million Br, extending from Haile Garment to Jemo square.
Samuel Tafesse, the founder of Sunshine Construction, has announced plans to build a solar park in Ethiopia. “At the moment, we are exploring opportunities in power generation,” the 60-year old entrepreneur".
Construction of a US$1 billion project dubbed Virgin City has kicked off in Calabar Municipality in Nigeria’s Cross River State, Governor Ben Ayade has announced.
The Danish power plant specialist Burmeister & Wain Scandinavian Contractor, in consortium with MAN Diesel and Turbo, has been awarded a US$150.26mn contract to build a 120MW gas-fired power plant in Benin.
Nigeria’s manufacturing giant, Dangote Cement, has received legislative approval from the Liberian Senate for the production of cement in the West African country.
2018 is set to be a revolutionary year for Africa as the Land LayBy Holdings, the parent holding company of a flagship of real estate & fintech companies sets the pace for the incorporation of blockchain technology in the African real estate sector.
Israeli company Yam Pro Energy last week signed a $180 million MOU with Shapoorji Pallonji Group, owners of the TATA Group, to build a wave energy power station in Ghana.
Egypt said Tuesday the World Bank should be brought in to resolve tensions with Ethiopia over a massive dam on the Nile River that Egypt says threatens its water security.
The African Development Bank is taking the lead in facilitating the takeoff of one of Africa’s largest infrastructure project − the US $ 5 billion Nacala corridor rail and port project.
Phase one of the mixed use Blue Amber resort in Zanzibar was launched on November 30 2017. The aim of Pennyroyal, the long term investor, developer and manager of the luxury tropical development, is to create a resort that blends contemporary living with world class hospitality facilities.
Plans for new hydropower dams in Eastern and Southern Africa could increase the risk of disruption to electricity supply, research
Hydropower dams planned for eastern and southern Africa could put electricity supply at risk for vast regions because they rely on the same rainfall patterns for electricity generation.
Rwanda and World Bank sign $68 million grant to Improve Connectivity to Agricultural Markets Centers
The Government of Rwanda and the World Bank Group have signed a $68 million Additional Financing Grant Agreement for the on-going Feeder Roads Development Project (FRDP) sourced from the Multi-Donor Trust Fund (MDTF) for Rwanda Feeder Roads Development.
To help speed up travel and transportation in Namibia, the Board of the African Development Bank has approved a loan of $ 53 million to the Government of Namibia to upgrade a 210km stretch of railway in the west of the country.